ONGC
ONGC futures trade IdeaONGC looks so good now with volume. It will come back to retest then will go upside. Wait for confirmation candle then enter with SL. Trading without SL is a bad practice. Always try to stay in the game. Never lose your control. Capital safety should be your main priority. Hope never makes you win.
This setup is invalid If it crosses down below the Scale.
ONGC Setup
Buy at 175.25
SL : 174.80
Note: This is my view and idea only, please check with other experts' ideas before you trade.
IF YOU LIKE THIS IDEA, PLEASE ENCOURAGE WITH YOUR LIKES AND COMMENTS.
ONGC: Would previous resistance provide support?Chart is self explanatory
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ONGCONGC (Daily):
1. Stock has given Breakout from Ascending Triangle
2. RSI= 67 (bullish sign)
3. Good volumes on Breakout
4. Stock has reversed from 20 Days Exponential Moving Average
5. Stock has broken 52 Week High
View Point:
1. Some Quantities of the stock can be added on some retracement for Long Term and some quantity can be added at current levels.
Addl Points:
1. FII/FPI have increased holdings from 8.08% to 8.87% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 6.52% to 6.19% in Dec 2021 qtr
Note:
1. The above analysis is just for educational purpose.
ONGC -- INTRADAY SETUP -- 24/02/2022ONGC Intraday pick as on 24/02/2022 .
1>> 15 MIN CHART stock seen trading cmp 160.75 at strong support double bottom area of 160 LEVEL
2> Stock seen trendline breakout at this level.
3> RSI at oversold area 15 min chart moving upword above 30
4> RSI also seen double bottom at this level
5> volume seen Increase in stock last few session.
BUY ONGC @ 160.75
TARGET 165-166 Intraday
stop loss 157
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** please do own anlysis ** trade at own risk. !
HAPPY TRADING. !!
ONGC ready for the uptrend!🤩💸🔥Buy ONGC for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡About Company:
Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia.
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💡Future Outlook:
ONGC’s topline performance is expected to register growth over the forecast period mainly due to the recovery in crude volumes and increase in realization. Revenue from Natural gas and Value-Added products is expected to improve due to the minimization of supply chain disruptions globally. This along with a possible hike in natural gas prices could drive the performance further.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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‼️ The stock gave a Multi-Year breakout in Oct 2021 and then it was in a retracement phase. With the recent start in the trend, a strong rally is expected from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Like, Comment & Share 😄😄😄
ONGC: Chart setup Follow up and important levelsONGC
- This is a follow up on ONGC (idea posted on 30 Dec 2021)
- the stock has seen momentum once we saw breakout from the down trend channel around 148
- despite the broader market volatility and weakness, ONGC has been one of the strong candidates who has stood tall
- it is now positioned at another important level... near the top made in Oct 2021
- if the red zone is crossed and sustained, it would give another breakout and target zone for the breakout would be around 185 / 205 / 213 levels ( the final target is consistent with our view posted on Sept 22, 2021)
- Important Support at 162 / 160 / 158 and 50 day EMA support is around 153 odd levels
Take care & safe trading....!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Trend Reversal for ONGCLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
Long ONGC...High Probability setupONGC
Cmp - 142
Stop - Nil, Add on relevant dips
Expectation -
T1 - 150
T2 - 160, Review at 160
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Disclaimer:-
Not a SEBI registered advisor
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
ONGC Descending Channel BREAKOUT - Bullish | Target 190NSE:ONGC has given a amazing breakout from Descending Channel Pattern at the level of 145.
A amazing Swing trading opportunity can be grabbed from here. Go through the details mentioned on the chart.
SETUP
Entry - 145 - 148
SL - 135
TARGET - 162, 170, 190
Enter 50% QTY now and Rest can be added at Retest of the support
REASONS OF THIS TRADE
1. Fundamentally Strong Company
2. Price is above 1200, 100, 50 & 20 Days EMA
3. RSI is also at good level of 54
4. Channel pattern Breakout.
5. Retest From Support can give amazing Return
6. Attractive Risk reward Ratio 1 : 2.5
THANK YOU
BY - @akshaybatra020